Tag Archives: foreign exchange

People's Bank of China

China to add 11 currencies to CFETS RMB Index in 2017

China will add 11 new currencies to CFETS RMB Index on 01 January 2017; expands the RMB Index from a basket of 13 currencies to 24 currencies. The CFETS Index is a guidance for market participants to look at Renminbi against a basket of currencies instead of focusing on USDCNY exchange rate only.